DeFi | ForkLog - Part 29

ForkLog 11 06.03.2023

In February 2023, DeFi projects lost about $21.4 million to hacks.

For February 2023, seven incidents left DeFi projects with losses of about $21.4 million, according to data from DeFi Llama.

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ForkLog 6 28.02.2023

MakerDAO community rejects Cogent Bank’s $100m loan proposal

Members of the MakerDAO DeFi platform voted 72.9% to 26.1% to deny Cogent Bank a $100m loan.

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ForkLog 7 27.02.2023

LaunchZone token plunges 82% after hack

The LaunchZone DeFi protocol team on the BNB Chain network reported a hack. The LZ token fell by 82%.

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ForkLog 11 23.02.2023

Synthetix launches third version of its protocol on Ethereum mainnet and Optimism

The Synthetix team launched the third version of the protocol on the Ethereum mainnet and the Layer-2 network Optimism.

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ForkLog 16 21.02.2023

Composable Finance CTO Leaves DeFi Project Amid Suspicions of Activity

Karel Kubat, the CTO of Composable Finance, said he is leaving the company amid a lack of financial transparency and 'suspicious transactions'.

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ForkLog 17 17.02.2023

Platypus DeFi protocol on Avalanche loses $8.5 million in hack

The USP DeFi project's stablecoin lost its peg to the dollar after an attack in which an unknown actor siphoned $8.5 million from the Avalanche-based protocol.

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ForkLog 25 13.02.2023

Huobi to end support for Huobi Cloud Wallet

On May 13, 2023, the cryptocurrency exchange Huobi will close the eponymous cloud-wallet service due to 'strategic and product adjustments'.

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ForkLog 9 09.02.2023

Aave developers launch GHO stablecoin on Goerli testnet

Aave Companies launched the GHO stablecoin on the Ethereum Goerli testnet.

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ForkLog 14 09.02.2023

MakerDAO Members Propose Launching a Competitor to Aave

In the MakerDAO community, a proposal to create a Spark Protocol liquidity market based on the DAI stablecoin and collateral assets for the DeFi platform was put to a vote. The functionality will be built on the third version of the Aave project's smart-contract system.

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ForkLog 11 03.02.2023

Connext unveils Amarok update to enable cross-chain apps

Connext has unveiled the Amarok upgrade. It will enable developers to build cross-chain apps.

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ForkLog 7 02.02.2023

Synapse token price jumps more than 40%

On February 2, the daily rise in the price of the Synapse cross-chain-bridge project's utility token (SYN) exceeded 40%. The price reached a five-month high of $1.27, according to CoinGecko.

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ForkLog 10 02.02.2023

Solana-based DeFi project Everlend shuts down

The team behind the Solana-based lending protocol Everlend has announced the closure of the project.

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#DeFi